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March 19, 2021
Question

Should I state I owned a home in 2020 if I made the money purchased on Dec 30 but was recorded on Jan 4th?

  • March 19, 2021
  • 1 reply
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I withdrew from my 401k to help make my home purchase.

1 reply

RayW7
March 19, 2021

You would use the date of sale as listed on the HUD1 closing statement. 

 

During closing, ownership of a property is transferred from the seller to the buyer. All funds are distributed by the escrow company, and the new deed is registered in the buyer's name.

 

The seller signs the deed over to the buyer and hands over the keys to the home. This officially transfers ownership to the buyer.

 

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